Chrysler CEO Sergio Marchionne candidly admits the troubled American auto maker was far weaker than expected when he finally took over as CEO. I caught up with him at the Frankfurt Auto Show, and he pulled no punches in assessing what he found at Chrysler when he became CEO.
Automotive steel has changed quite a bit since the first Model T rolled off the assembly line. Prompted by crash-worthiness requirements and the need to make cars lighter to improve gas mileage, automakers are replacing conventional steels with advanced high-strength ones.
Renault/Nissan CEO Carlos Ghosn is not a man to tiptoe into anything. When he leads his company into a new arena, he likes to go in charging. When Nissan stepped up to the U.S. full size pick-up truck market a few years back, he made a big splash in Detroit. Now, in Frankfurt, he's doing it again.
After a year of going to auto shows that felt more like wakes, there's a sense the Frankfurt Auto Show starting Tuesday will bring optimism back to the industry. Call it premature. Call it wishful thinking. Call it whatever you like. But for those who relish auto shows because of the new models, styles, and trends they unveil, this could be the start of seeing the car business focus on cars.
An acrimonious trade dispute between China and the US is officially about tires, chickens and cars but is really much broader, the New York Times reports.
There's no better illustration of the degree of Disney fan obsession, than an arena filled with thousands of them, screaming like the Beatles had reunited when CEO Bob Iger takes the stage.
Bob Lutz is swinging for the fences. Knowing he has to move quickly to change the perception of GM cars and trucks, the head marketing man is putting his money where his mouth is. General Motors is offering a 60 day money back guarantee on the company line-up of '09 and '10 models.
Conventional wisdom says the very well off go through recessions with little or no impact...This fall, conventional wisdom will be tested. There are a slew of new models either hitting showrooms or being introduced for hitting the street next year
Cramer is back and he hit on several key topics on Tuesday's Stop Trading! segment.
For those of you who received my Investor Brief e-letter on Monday, I wanted to follow up on the key items we were keeping an eye on this week and also mention a couple of other important developments.
For as long as I've been covering the auto industry, I've seen some variation of this story on a regular basis. Every so often, there is a survey that shows a growing percentage of car buyers would be willing to consider sliding behind the wheel of a Big 3 car. Despite these encouraging reports, the Big 3 market share continues to slide.
While most of us fixate upon GM gaining or losing market share here in the U.S., the company's success in China is a huge story that deserves more attention. Especially when you look at the latest report. In August, GM doubled sales in the country, selling more than 152,000. And this year GM's China sales are up 49% with 1.11 million vehicles sold.
Stocks started September, a typically bad month for the market, with a sharp selloff amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery.
As expected, several auto makers posted their best monthly sales of the year as the industry report August results. The sales pace is expected to be close to 15 million thanks to Cash for Clunkers bringing in throngs of buyers. But for individual auto makers the results were wildly different.
Stocks fell Tuesday and investors wonder if the decline will continue. So are markets in for the much-expected pullback? William Greiner, CIO of Scout Investment Advisors and Scott Redler, chief strategic officer at T3live.com shared their insights.
Stocks resumed their descent Tuesday after a brief pop from a better-than-expected ISM report on manufacturing.
General Electric shares have risen more than 85 percent since hitting their March bottom, and Steven Winoker of Sanford C. Bernstein & Co. said he thinks the stock's upward trend will continue.
Stocks sold off after 10 AM ET...even though economic news came in better than expected, government incentives continue to make it difficult to gauge true demand.
Wal-Mart's presence in the online marketplace will add competition for sites such as Amazon and eBay, but it's too soon to say whether it will significantly impact the established online retailers, said Imran Khan, Internet analyst at JPMorgan.
Stocks rebounded from a lower start Tuesday after the ISM reported manufacturing moved into expansion mode for the first time since January 2008.